Industrial Associations Rally
As many as 14 industrial associations of Coimbatore will jointly organise a rally here on April 12 urging the Central Government to control iron and steel prices. A release from the Coimbatore District Small Industries Association said that the prices of all major industrial raw materials had shot up. Since January the prices skyrocketed, slowing down industrial and construction activities.For some of the products, the prices had gone up by 30 to 50 per cent. The units had to meet the orders already committed and were unable to increase the product price. If the situation went uncontrolled, the smaller units would shut down production and this would lead to loss of jobs. The rise in construction costs affected the common man, the association lamented. The rally would start at VOC Park and conclude near the Red Cross Building.The rally would start at VOC Park and conclude near the Red Cross Building.
